Lending Club Blog

Do You Have a Will?

While statistics regarding the number of Americans without a will tend to vary fairly widely, even the most conservative estimates put the number at around 50%. If you are one of those without a will, today’s discussion may persuade you to write one.

As you know, a will allows you to designate who will get your belongings and assets in the event of your death. Without a will, a court will decide how to divide your belongings. If you have a child, then a will is an absolute necessity. While some people might not care as much about what happens to their money when they die, they most certainly would care about what happens to their children. Your will allows you to name guardians for your children. Again, this is something you would certainly not want handled by the courts, without your input, after your death.

Just like with insurance, it’s the people least likely to need a will who actually need one the most. When a young, healthy person dies unexpectedly, the situation tends to be the most complicated. No one wants to think about dying young, but with a little planning, the process of writing a will is relatively straightforward.

Depending on your situation, you have various options for creating your will. The two most common are hiring a lawyer and using will preparation software. For basic wills, without many complicated circumstances, software may be adequate. I personally feel more comfortable using a lawyer for such an important matter, but only you can decide the right choice for your situation.

I think of a will in the same light as life insurance: I hope I never need them, but if I do, I’ll be glad I have them. You’ve worked hard during your life to earn your assets and care for your children, so you should be the one who decides what happens to them. We’re always advocating taking control of your financial situation here on the Lending Club blog. A will is your final method of control, and one that you should certainly considering using.

Tuesday, September 18th, 2007 at 6:48 am

Comments (0)


Welcome Home

Lending Club named #5 on Forbes’ Most Promising Companies List

Get ready for tax season with Lending Club’s Tax Form Guide

New Adjusted Return Metric

See more
Lending Club Awards
  • Archives z

Recent Posts

More Data Coming for Investors

We’re always seeking feedback and looking to make the… Read More »
November 10, 2015

Lending Club Surpasses $13 Billion

Check out our updated infographic to see what a… Read More »
October 29, 2015

Lending Club Launches Multi-Draw Line of Credit for Small Businesses

We’re excited to announce the… Read More »
October 16, 2015

Bloomberg Markets Names Renaud Laplanche on its 2015 “Most Influential” List

Read More »
October 6, 2015

Congratulations, Carrie! Named 2015 Financial Woman of the Year by The Financial Women of San Francisco

Read More »
October 5, 2015

Congratulations to Carrie Dolan – Named one of American Banker’s 2015 Most Powerful Women in Finance

Read More »
September 22, 2015

Welcome Nebraska, Kansas, and Indiana Investors!

We recently welcomed residents of Nebraska, Kansas, and Indiana… Read More »
September 21, 2015

Lending Club Job Spotlight: Technology & Member Support

Our Technology team develops and… Read More »
September 14, 2015

What $11 Billion Can Do

In celebration of surpassing $11 billion in loans and… Read More »
September 3, 2015

Welcome Arkansas, Iowa, and Oklahoma Investors!

We recently welcomed residents of Arkansas, Iowa, and Oklahoma… Read More »
July 14, 2015


We went public today!

Ringing the bell this morning at the New York… Read More »
December 11, 2014

New and Improved Statistics Page

We recently redesigned our Loan Statistics page to make… Read More »
November 13, 2014

Lending Club Honored with Economist Innovation Award

This month I was honored… Read More »
October 15, 2014

Welcome Vermont Investors!

Today, we’re thrilled to welcome residents of the state… Read More »
September 4, 2014

We filed to go public today

We filed a registration statement with the SEC today… Read More »
August 27, 2014

Our Billion Dollar Quarter

We’re excited to announce  that we’ve facilitated over $5… Read More »
July 8, 2014

Is Lending Club Available in My State?

Is Lending Club available in my state? That is… Read More »
July 7, 2014

Lending Club Joins Senator Cory Booker to Discuss Improving Access to Capital for Small Businesses

Read More »
June 20, 2014

Lending Club Named a CNBC Top 50 Disruptor for a Second Year

For the second year in… Read More »
June 17, 2014

PRIME is now Automated Investing

Lending Club is excited to announce that PRIME has… Read More »
May 14, 2014
View All w